Mitchell Colgan, the chairman of the geology department at the College of Charleston, said such talk was just politics.

He said there wasn’t much oil off the coast of South Carolina. And the nation already has a glut of cheap natural gas and doesn’t need more from the Atlantic, he said. The economics don’t work, Colgan said.

“As far as South Carolina is concerned, they can drill all they want but they’re not going to find anything,” he said.
http://www.myrtlebeachonline.com/2013/02/14/3329742/southern-governors-implore-interior.html